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[D] FiscalNote Holdings, Inc. SEC Filing

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
D
Rhea-AI Filing Summary

FiscalNote Holdings, Inc. filed a Form D notifying a Regulation D private offering under Rule 506(b). The offering size is $29,970,000, of which $18,900,000 has been sold and $11,070,000 remains available. The company was formed in Delaware (2020) and lists its principal place of business in Washington, D.C. The filing reports sales commissions of $1,498,500 (5% of gross proceeds), a minimum outside investment of $0, one investor to date, and a first sale date of 2025-08-05. The offering is not tied to a business combination and the Form D was signed by Todd Aman on 2025-08-18.

FiscalNote Holdings, Inc. ha depositato un Modulo D per comunicare un'offerta privata ai sensi del Regolamento D, Rule 506(b). L'ammontare dell'offerta 猫 di $29.970.000, di cui $18.900.000 sono gi脿 stati collocati e restano disponibili $11.070.000. La societ脿 猫 stata costituita in Delaware (2020) e dichiara come sede principale Washington, D.C. La segnalazione indica commissioni di vendita pari a $1.498.500 (5% dei proventi lordi), un investimento minimo esterno di $0, un investitore fino ad oggi e una prima vendita datata 2025-08-05. L'offerta non 猫 collegata a una business combination e il Modulo D 猫 stato firmato da Todd Aman il 2025-08-18.

FiscalNote Holdings, Inc. present贸 un Formulario D notificando una oferta privada bajo el Reglamento D, Rule 506(b). El tama帽o de la oferta es de $29,970,000, de los cuales se han vendido $18,900,000 y quedan disponibles $11,070,000. La compa帽铆a se constituy贸 en Delaware (2020) y se帽ala como domicilio principal Washington, D.C. La presentaci贸n informa comisiones de venta por $1,498,500 (5% de los ingresos brutos), una inversi贸n m铆nima externa de $0, un inversor hasta la fecha y una primera venta con fecha 2025-08-05. La oferta no est谩 vinculada a una combinaci贸n de negocios y el Form D fue firmado por Todd Aman el 2025-08-18.

FiscalNote Holdings, Inc.電� 攴滌爼 D鞐� 霐半ジ 靷 氇鞚� 韱奠頃橂姅 Form D毳� 鞝滌稖頄堨溂氅�, 頃措嫻 氇鞚 Rule 506(b)鞐� 霐半雼堧嫟. 氇 齑濎暋鞚 $29,970,000鞚搓碃 鞚挫 $18,900,000鞚� 韺愲Г霅橃棃鞙茧┌ $11,070,000臧 雮晞 鞛堨姷雼堧嫟. 須岇偓電� Delaware(2020)鞐� 靹る霅橃棃瓿� 氤胳偓毳� 鞗岇嫳韯� D.C.搿� 旮办灛頃橁碃 鞛堨姷雼堧嫟. 鞝滌稖靹滊鞐愲姅 韺愲Г 靾橃垬耄岅皜 $1,498,500(齑濎垬鞚奠潣 5%), 斓滌唽 鞕鸽秬 韴瀽鞎� $0, 順勳灛旯岇 韴瀽鞛� 靾� 1氇�, 斓滌磮 韺愲Г鞚检潃 2025-08-05搿� 氤搓碃霅橃柎 鞛堨姷雼堧嫟. 鞚� 氇鞚 旮办梾瓴绊暕瓿� 鞐瓣舶霅橃 鞎婌晿鞙茧┌ Form D電� 2025-08-18鞐� Todd Aman鞚� 靹滊獏頄堨姷雼堧嫟.

FiscalNote Holdings, Inc. a d茅pos茅 un formulaire D notifiant une offre priv茅e au titre du R猫glement D, Rule 506(b). La taille de l'offre est de $29 970 000, dont $18 900 000 ont 茅t茅 vendus et $11 070 000 restent disponibles. La soci茅t茅 a 茅t茅 constitu茅e dans le Delaware (2020) et indique comme si猫ge principal Washington, D.C. Le d茅p么t signale des commissions de vente de $1 498 500 (5 % des produits bruts), un investissement minimum externe de $0, un investisseur 脿 ce jour et une premi猫re vente dat茅e du 2025-08-05. L'offre n'est pas li茅e 脿 une op茅ration de rapprochement et le formulaire D a 茅t茅 sign茅 par Todd Aman le 2025-08-18.

FiscalNote Holdings, Inc. reichte ein Formular D ein und meldete ein privates Angebot nach Regulation D unter Rule 506(b). Die Angebotsgr枚脽e betr盲gt $29.970.000, davon wurden $18.900.000 verkauft und $11.070.000 sind noch verf眉gbar. Das Unternehmen wurde in Delaware (2020) gegr眉ndet und gibt seinen Hauptsitz in Washington, D.C. an. Die Einreichung berichtet Verkaufsprovisionen in H枚he von $1.498.500 (5% der Bruttoerl枚se), eine minimale externe Investition von $0, bislang einen Investor und ein Erstverkaufsdatum am 2025-08-05. Das Angebot steht nicht im Zusammenhang mit einer Unternehmensfusion und das Formular D wurde von Todd Aman am 2025-08-18 unterschrieben.

Positive
  • $18.9M already raised toward a $29.97M offering, demonstrating investor interest
  • Offering uses Rule 506(b), which generally permits accredited investor placements with common exemptions
  • $0 of the offering proceeds are allocated to payments to named officers or directors per the filing
Negative
  • Only one investor reported so far, indicating concentration risk until more subscriptions close
  • Sales commissions of $1,498,500 (5%) materially reduce net proceeds available for company use
  • Approximately $11.07M remains unsold, meaning the issuer has not completed the raise

Insights

TL;DR: The company has already sold a majority of a nearly $30M Reg D raise; remaining commitment and investor concentration are the main considerations.

The filing shows a Rule 506(b) private placement with $18.9M sold of a $29.97M target, leaving $11.07M available. Sales commissions equal 5% of gross proceeds, which is material to net proceeds. Only one investor is reported so far, indicating concentration risk until additional subscriptions are received. The offering is not related to any business combination, and no proceeds are designated for directors or officers per the filing.

TL;DR: Form D compliance appears routine: Reg D exemption claimed, state notice filed, and signature attests to required certifications.

The issuer claims the 506(b) exemption and indicates state solicitation (including New Jersey). The filing certifies nonpayment to named executives and confirms undertaking consistent with Form D requirements. The document identifies broker-dealer involvement (Northland Securities) and discloses the commission structure. No red flags in the filing itself, but material legal considerations remain around investor accreditation verification and state notice compliance.

FiscalNote Holdings, Inc. ha depositato un Modulo D per comunicare un'offerta privata ai sensi del Regolamento D, Rule 506(b). L'ammontare dell'offerta 猫 di $29.970.000, di cui $18.900.000 sono gi脿 stati collocati e restano disponibili $11.070.000. La societ脿 猫 stata costituita in Delaware (2020) e dichiara come sede principale Washington, D.C. La segnalazione indica commissioni di vendita pari a $1.498.500 (5% dei proventi lordi), un investimento minimo esterno di $0, un investitore fino ad oggi e una prima vendita datata 2025-08-05. L'offerta non 猫 collegata a una business combination e il Modulo D 猫 stato firmato da Todd Aman il 2025-08-18.

FiscalNote Holdings, Inc. present贸 un Formulario D notificando una oferta privada bajo el Reglamento D, Rule 506(b). El tama帽o de la oferta es de $29,970,000, de los cuales se han vendido $18,900,000 y quedan disponibles $11,070,000. La compa帽铆a se constituy贸 en Delaware (2020) y se帽ala como domicilio principal Washington, D.C. La presentaci贸n informa comisiones de venta por $1,498,500 (5% de los ingresos brutos), una inversi贸n m铆nima externa de $0, un inversor hasta la fecha y una primera venta con fecha 2025-08-05. La oferta no est谩 vinculada a una combinaci贸n de negocios y el Form D fue firmado por Todd Aman el 2025-08-18.

FiscalNote Holdings, Inc.電� 攴滌爼 D鞐� 霐半ジ 靷 氇鞚� 韱奠頃橂姅 Form D毳� 鞝滌稖頄堨溂氅�, 頃措嫻 氇鞚 Rule 506(b)鞐� 霐半雼堧嫟. 氇 齑濎暋鞚 $29,970,000鞚搓碃 鞚挫 $18,900,000鞚� 韺愲Г霅橃棃鞙茧┌ $11,070,000臧 雮晞 鞛堨姷雼堧嫟. 須岇偓電� Delaware(2020)鞐� 靹る霅橃棃瓿� 氤胳偓毳� 鞗岇嫳韯� D.C.搿� 旮办灛頃橁碃 鞛堨姷雼堧嫟. 鞝滌稖靹滊鞐愲姅 韺愲Г 靾橃垬耄岅皜 $1,498,500(齑濎垬鞚奠潣 5%), 斓滌唽 鞕鸽秬 韴瀽鞎� $0, 順勳灛旯岇 韴瀽鞛� 靾� 1氇�, 斓滌磮 韺愲Г鞚检潃 2025-08-05搿� 氤搓碃霅橃柎 鞛堨姷雼堧嫟. 鞚� 氇鞚 旮办梾瓴绊暕瓿� 鞐瓣舶霅橃 鞎婌晿鞙茧┌ Form D電� 2025-08-18鞐� Todd Aman鞚� 靹滊獏頄堨姷雼堧嫟.

FiscalNote Holdings, Inc. a d茅pos茅 un formulaire D notifiant une offre priv茅e au titre du R猫glement D, Rule 506(b). La taille de l'offre est de $29 970 000, dont $18 900 000 ont 茅t茅 vendus et $11 070 000 restent disponibles. La soci茅t茅 a 茅t茅 constitu茅e dans le Delaware (2020) et indique comme si猫ge principal Washington, D.C. Le d茅p么t signale des commissions de vente de $1 498 500 (5 % des produits bruts), un investissement minimum externe de $0, un investisseur 脿 ce jour et une premi猫re vente dat茅e du 2025-08-05. L'offre n'est pas li茅e 脿 une op茅ration de rapprochement et le formulaire D a 茅t茅 sign茅 par Todd Aman le 2025-08-18.

FiscalNote Holdings, Inc. reichte ein Formular D ein und meldete ein privates Angebot nach Regulation D unter Rule 506(b). Die Angebotsgr枚脽e betr盲gt $29.970.000, davon wurden $18.900.000 verkauft und $11.070.000 sind noch verf眉gbar. Das Unternehmen wurde in Delaware (2020) gegr眉ndet und gibt seinen Hauptsitz in Washington, D.C. an. Die Einreichung berichtet Verkaufsprovisionen in H枚he von $1.498.500 (5% der Bruttoerl枚se), eine minimale externe Investition von $0, bislang einen Investor und ein Erstverkaufsdatum am 2025-08-05. Das Angebot steht nicht im Zusammenhang mit einer Unternehmensfusion und das Formular D wurde von Todd Aman am 2025-08-18 unterschrieben.

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM D

Notice of Exempt Offering of Securities

OMB APPROVAL
OMB Number: 3235-0076
Estimated average burden
hours per response: 4.00

1. Issuer's Identity

CIK (Filer ID Number) Previous Names
None
Entity Type
0001823466
Duddell Street Acquisition Corp.
X Corporation
Limited Partnership
Limited Liability Company
General Partnership
Business Trust
Other (Specify)

Name of Issuer
FiscalNote Holdings, Inc.
Jurisdiction of Incorporation/Organization
DELAWARE
Year of Incorporation/Organization
Over Five Years Ago
X Within Last Five Years (Specify Year) 2020
Yet to Be Formed

2. Principal Place of Business and Contact Information

Name of Issuer
FiscalNote Holdings, Inc.
Street Address 1 Street Address 2
1201 Pennsylvania Ave. NW 6th Floor
City State/Province/Country ZIP/PostalCode Phone Number of Issuer
Washington DISTRICT OF COLUMBIA 20004 202-793-5300

3. Related Persons

Last Name First Name Middle Name
Resnik Josh
Street Address 1 Street Address 2
1201 Pennsylvania Ave. NW 6th Floor
City State/Province/Country ZIP/PostalCode
Washington DISTRICT OF COLUMBIA 20004
Relationship: X Executive Officer Director Promoter

Clarification of Response (if Necessary):

Chief Executive Officer and President
Last Name First Name Middle Name
Callahan Michael
Street Address 1 Street Address 2
1201 Pennsylvania Ave. NW 6th Floor
City State/Province/Country ZIP/PostalCode
Washington DISTRICT OF COLUMBIA 20004
Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):


Last Name First Name Middle Name
Jain Manoj
Street Address 1 Street Address 2
1201 Pennsylvania Ave. NW 6th Floor
City State/Province/Country ZIP/PostalCode
Washington DISTRICT OF COLUMBIA 20004
Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):


Last Name First Name Middle Name
Yao Gerald
Street Address 1 Street Address 2
1201 Pennsylvania Ave. NW 6th Floor
City State/Province/Country ZIP/PostalCode
Washington DISTRICT OF COLUMBIA 20004
Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):


Last Name First Name Middle Name
Hwang Timothy
Street Address 1 Street Address 2
1201 Pennsylvania Ave. NW 6th Floor
City State/Province/Country ZIP/PostalCode
Washington DISTRICT OF COLUMBIA 20004
Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):


Last Name First Name Middle Name
Sweeney Brandon
Street Address 1 Street Address 2
1201 Pennsylvania Ave. NW 6th Floor
City State/Province/Country ZIP/PostalCode
Washington DISTRICT OF COLUMBIA 20004
Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):


Last Name First Name Middle Name
Sedgley Anna
Street Address 1 Street Address 2
1201 Pennsylvania Ave. NW 6th Floor
City State/Province/Country ZIP/PostalCode
Washington DISTRICT OF COLUMBIA 20004
Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):


Last Name First Name Middle Name
Nilsson Keith
Street Address 1 Street Address 2
1201 Pennsylvania Ave. NW 6th Floor
City State/Province/Country ZIP/PostalCode
Washington DISTRICT OF COLUMBIA 20004
Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):


Last Name First Name Middle Name
Aman Todd
Street Address 1 Street Address 2
1201 Pennsylvania Ave. NW 6th Floor
City State/Province/Country ZIP/PostalCode
Washington DISTRICT OF COLUMBIA 20004
Relationship: X Executive Officer Director Promoter

Clarification of Response (if Necessary):

Chief Legal and Administrative Officer
Last Name First Name Middle Name
Slabaugh Jon
Street Address 1 Street Address 2
1201 Pennsylvania Ave. NW 6th Floor
City State/Province/Country ZIP/PostalCode
Washington DISTRICT OF COLUMBIA 20004
Relationship: X Executive Officer Director Promoter

Clarification of Response (if Necessary):

Chief Financial Officer
Last Name First Name Middle Name
Compton Key
Street Address 1 Street Address 2
1201 Pennsylvania Ave. NW
City State/Province/Country ZIP/PostalCode
Washington DISTRICT OF COLUMBIA 20004
Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):


4. Industry Group

Agriculture
Banking & Financial Services
Commercial Banking
Insurance
Investing
Investment Banking
Pooled Investment Fund
Is the issuer registered as
an investment company under
the Investment Company
Act of 1940?
Yes No
Other Banking & Financial Services
Business Services
Energy
Coal Mining
Electric Utilities
Energy Conservation
Environmental Services
Oil & Gas
Other Energy
Health Care
Biotechnology
Health Insurance
Hospitals & Physicians
Pharmaceuticals
Other Health Care
Manufacturing
AG真人官方 Estate
Commercial
Construction
REITS & Finance
Residential
Other AG真人官方 Estate
Retailing
Restaurants
Technology
Computers
Telecommunications
X Other Technology
Travel
Airlines & Airports
Lodging & Conventions
Tourism & Travel Services
Other Travel
Other

5. Issuer Size

Revenue Range OR Aggregate Net Asset Value Range
No Revenues No Aggregate Net Asset Value
$1 - $1,000,000 $1 - $5,000,000
$1,000,001 - $5,000,000 $5,000,001 - $25,000,000
$5,000,001 - $25,000,000 $25,000,001 - $50,000,000
$25,000,001 - $100,000,000 $50,000,001 - $100,000,000
Over $100,000,000 Over $100,000,000
X Decline to Disclose Decline to Disclose
Not Applicable Not Applicable

6. Federal Exemption(s) and Exclusion(s) Claimed (select all that apply)

Rule 504(b)(1) (not (i), (ii) or (iii))
Rule 504 (b)(1)(i)
Rule 504 (b)(1)(ii)
Rule 504 (b)(1)(iii)
X Rule 506(b)
Rule 506(c)
Securities Act Section 4(a)(5)
Investment Company Act Section 3(c)
Section 3(c)(1) Section 3(c)(9)
Section 3(c)(2) Section 3(c)(10)
Section 3(c)(3) Section 3(c)(11)
Section 3(c)(4) Section 3(c)(12)
Section 3(c)(5) Section 3(c)(13)
Section 3(c)(6) Section 3(c)(14)
Section 3(c)(7)

7. Type of Filing

X New Notice Date of First Sale 2025-08-05 First Sale Yet to Occur
Amendment

8. Duration of Offering

Does the Issuer intend this offering to last more than one year?
Yes X No

9. Type(s) of Securities Offered (select all that apply)

Equity Pooled Investment Fund Interests
X Debt Tenant-in-Common Securities
Option, Warrant or Other Right to Acquire Another Security Mineral Property Securities
X Security to be Acquired Upon Exercise of Option, Warrant or Other Right to Acquire Security Other (describe)

10. Business Combination Transaction

Is this offering being made in connection with a business combination transaction, such as a merger, acquisition or exchange offer?
Yes X No

Clarification of Response (if Necessary):

11. Minimum Investment

Minimum investment accepted from any outside investor $0 USD

12. Sales Compensation

Recipient
Recipient CRD Number None
Northland Securities, Inc. 40258
(Associated) Broker or Dealer X None
(Associated) Broker or Dealer CRD Number X None
None None
Street Address 1 Street Address 2
150 South Fifth Street Suite 3300
City State/Province/Country ZIP/Postal Code
Minneapolis MINNESOTA 55402
State(s) of Solicitation (select all that apply)
Check "All States" or check individual States
All States
Foreign/non-US
NEW JERSEY

13. Offering and Sales Amounts

Total Offering Amount $29,970,000 USD
or Indefinite
Total Amount Sold $18,900,000 USD
Total Remaining to be Sold $11,070,000 USD
or Indefinite

Clarification of Response (if Necessary):

14. Investors

Select if securities in the offering have been or may be sold to persons who do not qualify as accredited investors, and enter the number of such non-accredited investors who already have invested in the offering.
Regardless of whether securities in the offering have been or may be sold to persons who do not qualify as accredited investors, enter the total number of investors who already have invested in the offering:
1

15. Sales Commissions & Finder's Fees Expenses

Provide separately the amounts of sales commissions and finders fees expenses, if any. If the amount of an expenditure is not known, provide an estimate and check the box next to the amount.

Sales Commissions $1,498,500 USD
Estimate
Finders' Fees $0 USD
Estimate

Clarification of Response (if Necessary):

The sales commission is 5% of the gross proceeds received by the Company.

16. Use of Proceeds

Provide the amount of the gross proceeds of the offering that has been or is proposed to be used for payments to any of the persons required to be named as executive officers, directors or promoters in response to Item 3 above. If the amount is unknown, provide an estimate and check the box next to the amount.

$0 USD
Estimate

Clarification of Response (if Necessary):

Signature and Submission

Please verify the information you have entered and review the Terms of Submission below before signing and clicking SUBMIT below to file this notice.

Terms of Submission

In submitting this notice, each issuer named above is:
  • Notifying the SEC and/or each State in which this notice is filed of the offering of securities described and undertaking to furnish them, upon written request, in the accordance with applicable law, the information furnished to offerees.*
  • Irrevocably appointing each of the Secretary of the SEC and, the Securities Administrator or other legally designated officer of the State in which the issuer maintains its principal place of business and any State in which this notice is filed, as its agents for service of process, and agreeing that these persons may accept service on its behalf, of any notice, process or pleading, and further agreeing that such service may be made by registered or certified mail, in any Federal or state action, administrative proceeding, or arbitration brought against the issuer in any place subject to the jurisdiction of the United States, if the action, proceeding or arbitration (a) arises out of any activity in connection with the offering of securities that is the subject of this notice, and (b) is founded, directly or indirectly, upon the provisions of: (i) the Securities Act of 1933, the Securities Exchange Act of 1934, the Trust Indenture Act of 1939, the Investment Company Act of 1940, or the Investment Advisers Act of 1940, or any rule or regulation under any of these statutes, or (ii) the laws of the State in which the issuer maintains its principal place of business or any State in which this notice is filed.
  • Certifying that, if the issuer is claiming a Regulation D exemption for the offering, the issuer is not disqualified from relying on Rule 504 or Rule 506 for one of the reasons stated in Rule 504(b)(3) or Rule 506(d).

Each Issuer identified above has read this notice, knows the contents to be true, and has duly caused this notice to be signed on its behalf by the undersigned duly authorized person.

For signature, type in the signer's name or other letters or characters adopted or authorized as the signer's signature.

Issuer Signature Name of Signer Title Date
FiscalNote Holdings, Inc. /s/ Todd Aman Todd Aman Senior VP, General Counsel and Secretary 2025-08-18

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.

* This undertaking does not affect any limits Section 102(a) of the National Securities Markets Improvement Act of 1996 ("NSMIA") [Pub. L. No. 104-290, 110 Stat. 3416 (Oct. 11, 1996)] imposes on the ability of States to require information. As a result, if the securities that are the subject of this Form D are "covered securities" for purposes of NSMIA, whether in all instances or due to the nature of the offering that is the subject of this Form D, States cannot routinely require offering materials under this undertaking or otherwise and can require offering materials only to the extent NSMIA permits them to do so under NSMIA's preservation of their anti-fraud authority.


FAQ

What is the total size of the FiscalNote (NOTE) offering disclosed in the Form D?

The Form D lists a total offering amount of $29,970,000.

How much has FiscalNote (NOTE) sold and how much remains available?

FiscalNote has sold $18,900,000 and has $11,070,000 remaining to be sold.

Which exemption from registration is FiscalNote relying on for this offering?

The issuer is relying on Rule 506(b) of Regulation D.

Are any payments to executives or directors disclosed in the use of proceeds?

The filing states $0 of the gross proceeds will be used to pay any named executive officers, directors, or promoters.

What sales compensation or broker-dealer is involved in the offering?

The filing discloses sales commissions of $1,498,500 (estimated, 5% of gross proceeds) and lists Northland Securities, Inc. as the broker-dealer.

When did the first sale occur and who signed the Form D?

The first sale date is listed as 2025-08-05 and the Form D is signed by Todd Aman on 2025-08-18.
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